VIENNA / WAM In 2017, world oil demand growth is forecast at 1.15 mb/d to average 95.56 mb/d, according to OPEC Monthly Oil Market Report. ‘‘World oil demand growth is estimated at 1.24 mb/d in 2016 supported by the transportation sector, reflecting low retail prices and better-than-anticipated vehicle sales. In the non-OECD, other Asia and China saw solid-to-steady oil …

  During his campaign and even since becoming president-elect, Donald Trump has said a lot of things and cited a lot of figures that appear to be completely made up. When he has talked about the economy, though, Trump has often relied on actual government statistics. For example, there was Trump’s charge that Barack Obama has been “the first president …

  Here’s a maxim for life as a famous economist: If your theory wins a Nobel Prize, look out — it might already be running into big problems. When the Black-Scholes-Merton option-pricing model won the prize in 1997, it had already required some major tweaks to fit new data; a decade later, it was being blamed for the financial crisis. …